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What is the price of the bonds

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Question - Bond Valuation with Semiannual Payments - Renfro Rentals has issued bonds that have an 11% coupon rate, payable semiannually. The bonds mature in 11 years, have a face value of $1,000, and a yield to maturity of 9.5%. What is the price of the bonds?

Reference no: EM133138511

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